Social and Behavioral Sciences Commons^™

Conference Proceedings: Fourth Annual International Conference: Rethinking Economics In The Contemporary World, Shumaila Omar [Editor], Uzair Arif [Ed.], Tabeer E Zehra [Ed.], Sania Zehra [Ed.], Tooba Zaheer [Ed.]

IBA Press

The 4th Annual International Conference on Rethinking Economics, organized by the Institute of Business Administration (IBA) Karachi, provided a dynamic platform for academics, practitioners, and policymakers to explore diverse themes shaping the global economic landscape. The conference highlighted critical issues such as digital transformation, urban infrastructure, environmental challenges, monetary and fiscal policy, and human development. This collection is an amalgamation of abstracts from the papers presented at the conference.

Perceived Problem, Partnership, And Training Effect On Productivity And Export: Evidence From Micro And Small Manufacturing Firms In Indonesia, Rifai Afin

Economics and Finance in Indonesia

The primary objectives of this study are threefold: first, to investigate whether the challenges faced by micro and small industries motivate them to enter into partnerships; second, to assess the impact of partnerships on company productivity; and third, to explore the causal relationship between productivity and exports. We aim to determine whether productivity influences exports and vice versa or if a two-way relationship exists. The data used in this study consists of annual survey data from micro and small manufacturing companies, randomly collected by the Central Statistics Agency (BPS) in 2015, with a total sample of 58,290 observations. The methodologies …

Financial Inclusion In Indonesia: An Analysis Of Determinants Of Bank Account Ownership And Credit Access At Individual And Regional Levels, Rindi Ardika Melsalasa Sahputri, Sujarwoto Sujarwoto, Septiana Sihombing, Muhamad Galy Njoman

Economics and Finance in Indonesia

Financial inclusion is widely recognized as a key driver of economic prosperity, yet many countries face considerable challenges in achieving it. This study empirically explores financial inclusion in Indonesia, focusing on bank account ownership and credit access, with the primary objective of identifying their determinants through a comparison of individual- and regional-level factors. Individual-level factors cover sociodemographic characteristics, poverty, and income inequality, while regional-level factors include regional economic development and financial infrastructure. Data were sourced from the National Socio-Economic Survey (SUSENAS) and the Village Potential Survey (PODES), consisting of 804,703 samples across 514 districts. A multilevel regression approach, using Generalized …

Spillover Effects And Political Yardstick Competition In Local Public Spending In Indonesia, Muhammad Reyhan Akbar, Bagdja Muljarijadi

Economics and Finance in Indonesia

This study aims to test the presence of spillover effects and political yardstick competition in both mandatory and discretionary spending among local governments in Indonesia. A spatial econometrics model was employed to evaluate data from 410 districts/municipalities in Indonesia from 2010 to 2018. The findings confirm spillover effects in spending decisions among local governments. The empirical analysis also reveals that political factors drive horizontal interactions in mandatory spending, while such influences are absent in discretionary spending.

The Importance Of The Safety Net Program For Informal Workers’ Food Security Amid The Covid-19 Pandemic In Indonesia, Rodhiah Umaroh, Amirusholihin Amirusholihin, Yuliawati Yuliawati

Economics and Finance in Indonesia

This study examines the effects of social safety-net programs on food security among vulnerable groups, focusing on households with informal workers. Utilizing data from the High-Frequency Monitoring of the COVID-19 Impacts 2020 (HiFy) and estimates with the Longitudinal Propensity Score Matching (LPSM) method, the findings reveal that cash and food assistance significantly reduce food insecurity among informal workers’ households. The households receiving these safety net programs experienced an 8–11% lower probability of food insecurity compared to non-recipients, as indicated by the Average Treatment Effect on the Treated (ATT) value. The study highlights the need for continued investment in inclusive and …

Research Report: Artificial Intelligence, Heather Akin, Cheryl A. Burkhart-Kriesel, Mary Emery, Katelyn Larson, Bradley Lubben, L. J. Mcelravy, Timothy Meyer, Rebecca J. Vogt

Nebraska Rural Poll

Some rural Nebraskans have used artificial intelligence (AI) tools. Just over one-quarter have used any AI tool. However, most younger persons have used AI tools.

Given that, it is not surprising that most rural Nebraskans are not at all or slightly informed about artificial intelligence. Just over one-third are moderately informed about AI, and just over one in ten are either very or extremely informed about AI.

Most rural Nebraskans are either not at all or slightly confident that AI is being used in the best interest of the public. Just over one-half are not at all confident that it …

An Economic Framework For Assessing The Impact Of Domestic Mining Policies On Affordable Energy Transition, Mahelet G. Fikru

Economics Faculty Research & Creative Works

The global transition towards sustainable energy sources necessitates a delicate balance between incentivizing domestic mineral inputs and ensuring affordable energy transition. This paper investigates a diverse set of policies aimed at promoting domestic mining and their implications for achieving an affordable energy transition. Through a comprehensive economic framework, we analyze the effects of demand and supply-side policies on import reliance, production costs, and the overall progress of the energy transition. By examining various scenarios and their outcomes, we provide insights into the potential challenges and opportunities associated with designing mineral policies that facilitate both domestic mining growth and affordable clean …

Public Perceptions Of Mineral Criticality And Preferences For Energy Transition Strategies In The United States, Mahelet G. Fikru, Sreeja Koppera

Economics Faculty Research & Creative Works

Critical minerals are essential for advancing the energy transition. However, the public's perception of these minerals and their application is still not well understood. Here, we investigate public awareness and perceptions of critical minerals in the United States, based on a nationally representative survey of 1200 online respondents. While only 38% of respondents stated familiarity with critical minerals, over 80% recognized the importance of minerals in the energy transition. Participants were most supportive of strategies focused on mineral research and improving the environmental impacts of mining, while domestic mining received less support. Regression analysis shows that individuals who perceive mineral …

Esg Ratings In The Mining Industry: Factors And Implications, Mahelet G. Fikru, Jennifer Brodmann, Lili Eng, J. Andrew Grant

Economics Faculty Research & Creative Works

While previous research explores the relationship between ESG ratings, firm size, and financial outcomes, there is a lack of comprehensive analysis comparing multiple ESG ratings within the mining industry. This gap is crucial given the increasing focus on ESG in mining operations and its potential impact on company performance. Based on proprietary financial and ESG ratings data from 200 mining companies, this study investigates the relationship between two different ESG ratings and firm characteristics. We compare ESG-rated firms with unrated firms in terms of firm size, and financial performance indicators, and explore country-level patterns in ESG ratings. Findings reveal that …

A Revolution Deferred: Polycrisis And The Failures Of Incremental Change In South Africa, Geoffrey Schneider

Working Papers

No abstract provided.

Estimating Medium-Term Regional Monthly Economic Activity Reductions During The Covid-19 Pandemic Using Nighttime Light Data, Ma Flordeliza P. Del Castillo, Toshio Fujimi, Hirokazu Tatano

SOSE Affiliate: Manila Observatory

Economic impact estimates of the initial lockdowns due to the COVID-19 pandemic showed a significant reduction in economic activities globally. However, the succeeding impacts and their spatiotemporal distribution within countries remain unknown. Studies showed that nighttime light data (NTL) has effectively revealed the spatiotemporal dimensions of the economic effects of COVID-19. Thus, this study used NTL data to determine the medium-term regional monthly economic impacts of the pandemic in the Philippines in terms of the Economic Activity Reduction (EAR) index. We generated a spatial error model, regressing pre-pandemic NTL on mean temperature, maximum rainfall, and built-up area. This model explained …

Revealing The Dual Dynamics: Transient And Persistent Efficiencies Of The Indonesian Provincial Economies, Mohammad Zeqi Yasin, Fichrie Fachrowi Adli

Economics and Finance in Indonesia

We examine the decomposition of technical efficiency components into transient and persistent horizons applied to the 33 provincial economies in Indonesia. Focusing on the post-decentralization era in 2002–2022, we employ Stochastic Frontier Analysis to gauge efficiency dynamics for time-variant and time-invariant evolution. We reveal that the persistent inefficiencies outweigh transient ones, implying the persistent inefficient behavior of Indonesian provinces. We also capture that East Nusa Tenggara and several provinces in Eastern Indonesia show the most lagged-behind in terms of persistent inefficiency severity, suggesting necessity of structural changes through more strategic and specific development models beyond mere heterogeneous input reallocation.

Stakeholder Fairness And Corporate Social Impact: The Behavioral Economic Structure Of Corporate Law, Eli Bukspan

Michigan Business & Entrepreneurial Law Review

This study aims to bridge the gap between stakeholder capitalism—manifesting today in the evolving corporate social impact paradigm—and the historical shareholder primacy of corporate law. The emerging view of corporate purpose, particularly stakeholder capitalism, is closely related to the notion of fairness. This article demonstrates—by looking mainly at Israeli corporate law—that certain foundational concepts of behavioral economics better describe and justify the recent prominence of stakeholderism and the rejuvenated discourse of corporate social impact and purpose than does neoclassical economic theory. It concludes that the “fairness principle” provides a strong rationale for assimilating stakeholder expectations into the DNA of modern …

Striking A Balance: Market Shock & Responses In Automotive Components Manufacturing, Emma Lane Mcgahey

All Theses

This thesis examines the effects of extreme market shocks on supply chain dynamics within the automotive industry. Through an analysis of demand data from an automotive manufacturer to its component suppliers (January 2018 to May 2024), the study investigates the relationship between market shocks and supply chain responses, providing insights into how auto components inventory management handles downstream responses to market shocks. With supporting public data—from FRED, BLS, and the U.S. Census Bureau resources—we explore two primary relationships: the impact of market shocks on the Average Standard Deviation of Demand (SDO) and the effect of demand variability on expedited pricing …

An Empire Of Anti-Democracy: The Imperial Legacies Of American Territorial Labor, Jedidiah J. Kroncke

Washington Law Review

A great deal of recent attention has been given to acknowledging the full historical scope of American empire and its legal foundations. A recurrent focus of this attention has been the impact of the Insular Cases—a set of early twentieth century doctrines that legitimate American territorial acquisitions while denying their full incorporation under the United States Constitution. Issues of political citizenship and property have thus predominated critical work on the Insular Cases.

This Article expands on this resurgent interest by focusing on another critical element of this acknowledgment: the history of territorial labor which has long been central …

A Strategic Insight Into The Market For Carbon Management Capacity, Mahelet G. Fikru, Ting Shen, Jennifer Brodmann, Hongyan Ma

Economics Faculty Research & Creative Works

This study presents the market for carbon management capacity via carbon capture, utilization, and storage technologies, identifying demand and supply forces, as well as clarifying the potential impact of market and non-market-based shocks on technology developers versus adopters. The paper addresses a prevailing gap in market analysis, introducing a microeconomic framework and unique dataset to identify key players, market forces, and policy incentives shaping the carbon capture, utilization, and storage landscape. The analysis equips industry stakeholders, policymakers, and investors with valuable insights regarding (1) leaders in the design, development, and manufacture of carbon capture, utilization, and storage technologies (supply), (2) …

(Wp 2024-05) Emerging Engagement Between Philosophy And Philosophy Of Economics: Parfit, Simon, And Sen, John B. Davis

Economics Working Papers

This paper investigates philosophy’s engagement with one social science, economics, via the philosophy of economics. It first distinguishes mainstream philosophy of economics and heterodox/non-mainstream philosophy of economics, and then argues that the latter’s increasing recourse to analytical reasoning in philosophy to advance its critiques of mainstream economics points toward a new engagement between philosophy of economics and philosophy. To provide grounds for this argument, the paper discusses shared thinking of three key figures: philosophy’s Derek Parfit and from economics Herbert Simon and Amartya Sen. It argues their respective critiques of dominant ideas in their fields reflect a little discussed convergence …

2024 Update: The Economic Impact Of Artprize, Grand Valley State University, Christian Glupker

Other Faculty Publications

ArtPrize is estimated to have generated or supported economic benefits for Kent County in the following ways:

• The total economic impact of all primary visitor spending, ArtPrize operational spending, and artist spending is estimated between $71 and $77 million in economic output supporting between 547 and 600 jobs.
• 795,555 total visitors, with 57% visiting from outside the local region.
• 39% of local visitors and 74% of all nonlocal visitors stated that ArtPrize was their primary reason for visiting Grand Rapids.
• All local visitors spent an average of 2.75 days at ArtPrize and all nonlocal visitors spent an average of 1.76 …

Estimating The Effect Of Residential Sales Prices On Building Permits, Emilio Becerra

All Theses

This paper addresses home sales prices’ impact on residential building permit authorization in South Carolina’s Greenville and Richland counties amid the COVID-19 pandemic. The estimation uses a comprehensive data set of the housing markets in both counties for 2016 to 2022, incorporating 88,098 home sales. The analysis exploits the variation in sales prices of homes to analyze the sensitivity in the supply of permits to builders through an instrumental variables approach. Using two instruments, violent crimes and household income, the effect of sales prices on the supply of building permits is positive and statistically significant. Included in the first-stage regression …

The Forgotten S.O.P., Kamille Stevens

Capstone Projects and Master's Theses

The Institute for Innovation and Entrepreneurship Development (iiED) is dedicated to cultivating entrepreneurship and economic growth within the Monterey Bay. Its goal is to create a pipeline of entrepreneurs from the Monterey Bay region who remain local and are able to increase the number of businesses and high-paying jobs in the area. To reach this goal, iiED provides multiple opportunities to its participants and tailors those opportunities based on their feedback.

Recently, iiED’s management has begun to experience turnover as individuals retire or reduce their work hours. As a result, iiED has begun to depend on the specialized knowledge of …

Financial Risk In A Changing Climate, Mashuk S. Rahman

LSU New Orleans Theses and Dissertations

Essay 1:

Given the missing-not-at-random (MNAR) nature of carbon emissions figures under the voluntary disclosure regulator environment, this research imputes synthetic emissions figures for both disclosing and non-disclosing publicly traded US firms, using an IV approach adapted for sample bias correction. The forward-observing implied cost of equity capital measure is consistently higher for carbon-intensive firms regardless of disclosure decision. This higher cost found in the large swath of high-emitting firms reduces the net present value of green transition investments, thus fueling existing research on the counterproductive natures of capital allocation in efforts to reduce corporate pollution. Contrary to emerging research, …

Climate Change , House Prices And Inequality In The United States, Zeynullah Gider

LSU New Orleans Theses and Dissertations

This dissertation investigates the multifaceted relationship between climate change, housing values, and inequality in the United States using county-level data from 2005 to 2022. In Chapter 1, we examine the heterogeneous impact of climate change on house prices, employing fixed-effect panel data analysis, Difference-in-Differences (DiD) with Propensity Score Matching (PSM), and fixed-effect panel quantile regressions. Findings indicate that climate change significantly impacts housing values, but this effect is not uniform. Low-value homes experience substantial price discounts due to heightened climate risk perception, while high-value homes are largely unaffected. This heterogeneity suggests that climate change poses a greater financial threat to …

Aggregate And Disaggregate Effects Of The Us-China Trade War On Us Agriculture, Aflatun Kaeser

All Graduate Theses and Dissertations, Fall 2023 to Present

In 2018 and 2019, the US-China trade war caused a significant shift in US agricultural trade dynamics. This thesis conducts an aggregate and disaggregate analysis of the impact, using event study analysis to reveal varying effects on US agricultural exports, with a substantial effect on Soybean and Dairy exports. The analysis also found that there are heterogeneous effects on other agricultural commodities such as fruits, wheat, and tree nuts. Using Bayesian Structural Time Series Modeling, the study finds a 29% decline in soybean exports during the trade war period. These findings underscore the importance of considering the heterogeneity in the …

Exploring Resilience: Insights From The Western U.S. Drink Tourism Industry During The Covid-19 Pandemic, Camillo Salvi

All Graduate Theses and Dissertations, Fall 2023 to Present

COVID-19 harmed the resilience of the United States tourism industry, undermining its economic stability. Specifically, the drink tourism sector was negatively affected by the pandemic due to its heavy reliance on consumer demand. Enhancing the ability to withstand, recover, and adapt to changing conditions is fundamental to promoting financial development and economic growth. This study aims to explore the determinants of resilience within this industry, focusing on wineries, breweries, and distilleries in the western United States during 2020 and 2021. Through a survey-based analysis, we identified what factors impacted their resilience and how these influenced the drink tourism domain, thereby …

Estimating The Impacts Of Utah's Down Payment Assistance Program (Sb240): A Framework For Analyzing State And Regional Dpa Policies, Dylan Fallentine

All Graduate Reports and Creative Projects, Fall 2023 to Present

I examine the impact of Utah's Senate Bill 240, a targeted down payment assistance program for new homes priced under $450,000, on housing affordability and developer behavior. Using Synthetic Difference-in-Differences, Bayesian Structural Time-Series, Fixed Effects Difference-in-Differences, and Event Study Analysis, I assess whether SB240 influenced the construction of more affordable homes and led to reduced lot sizes, thereby fueling affordability.

My empirical analysis reveals that SB240 significantly reduced the transaction price of entry-level new homes in Utah, with an estimated average reduction of approximately $23,000. This effect is robust across various econometric models and data pools, indicating that the policy …

How Millennials Make Investment Decisions: Financial Literacy And Financial Behavior, Dewi Tamara, Anita Maharani

Economics and Finance in Indonesia

This study investigates the effect of financial literacy, financial attitude, risk perception, and financial behavior on investment decisions. Employing a survey method with 342 respondents in Jakarta, the findings reveal that financial literacy has a negative and insignificant effect on investment decisions. In contrast, risk perception plays a crucial role in influencing investment decisions. Furthermore, financial behavior has an indirect mediating effect between financial literacy and risk perception on investment decisions but does not affect financial attitude. This study concludes that risk perception and financial behavior are important factors in investment decisions. Future research may consider incorporating other variables such …

How The European Union Should Respond To Trump's Tariffs, Ignacio García Bercero, Petros C. Mavroidis, André Sapir

Faculty Scholarship

President-elect Trump has threatened to increase United States tariffs to 60 percent on imports from China and 10 percent to 20 percent on imports from other trading partners, including the European Union. In doing so the US would be ignoring its World Trade Organisation commitments and would also rollback the substantial liberalisation that has taken place during the past 80 years, with a potentially major negative impact on the world economy.

In response to this threat, the EU should pursue a three-pronged strategy.

First, the EU should engage bilaterally with the US to seek to avoid the imposition of tariffs. …

Intellectual Property, Global Inequality, And Subnational Policy Variations, Peter K. Yu

Faculty Scholarship

This chapter criticizes the oversimplification of the binary North–South debate on intellectual property, innovation, and global inequality and highlights the wide geographic, sectoral, and income inequalities within middle-income countries. It begins by explaining why the arrival of these countries has called into question the North–South debate. The chapter then moves from the widely studied subject of global inequality to the underexplored topic of national inequality. Focusing on the intellectual property context, the discussion highlights the considerable subnational variations in the economic and technological conditions of middle-income countries. To combat national inequality, this chapter concludes by recommending interventions in three areas: …

Introduction To Intellectual Property, Innovation And Economic Inequality, Daniel Benoliel, Peter K. Yu

Faculty Scholarship

This chapter provides an introduction to Intellectual Property, Innovation and Economic Inequality. It begins by discussing the problem of economic inequality, including the scale of that problem, types of economic inequality, and extant research on such inequality. The chapter then outlines the structure of this volume, which is divided into three parts: (1) theoretical, empirical, and policy issues; (2) intellectual property and national inequality; and (3) intellectual property and global inequality.

Intellectual Property, Innovation And Economic Inequality, Daniel Benoliel, Peter K. Yu, Francis Gurry, Keun Lee

Faculty Scholarship

While growing disparities in wealth and income are well-documented across the globe, the role of intellectual property rights is often overlooked. This volume brings together leading commentators from around the world to interrogate the interrelationship between intellectual property and economic inequality. Interdisciplinary and globally oriented by design, the book features economists, legal scholars, policy analysts, and other experts. Chapters address the impact of intellectual property rights on economic inequality, the effect of economic inequality on the protection and enforcement of these rights, and the potential use of innovation law and policy to help reduce economic inequality. The volume also tackles …